The Edge
Rocket Lab stock drops 20% after first satellite launch failure in over two years
The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab stock fell in premarket trading after the company suffered its first launch failure in over two years early Tuesday morning. The company confirmed its uncrewed 41st Electron rocket launch – lifting off from New […]
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SpaceX no longer taking losses to produce Starlink satellite antennas, a key step to improving profitability
A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX PARIS – Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step to the company improving its profitability. “We […]
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SpaceX’s near monopoly on rocket launches is a ‘huge concern,’ Lazard banker warns
Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023. Michael Sheetz | CNBC PARIS – A Lazard investment banker sounded the alarm about the dominance of Elon Musk’s SpaceX in the rocket launch market, as the industry waits […]
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Telesat buys SpaceX launches for Lightspeed internet satellites
A rendering of Telesat’s low earth orbit broadband constellation. Telesat PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. Elon Musk’s SpaceX signed a hefty deal with satellite operator Telesat, the companies announced Monday. The agreement covers 14 launches of the Canadian venture’s Lightspeed internet satellites. Telesat […]
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U.S. export credit agency is working through $5 billion pipeline of space financing, vice chair says
A Falcon Heavy rocket launches the Viasat-3 “Americas” satellite on May 1, 2023. SpaceX PARIS – The U.S. export credit agency is working through a $5 billion pipeline of applications related to the space industry, as companies look to fund projects in orbit in a tighter capital market. The Export-Import Bank of the United States, […]
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Bezos snubbed Musk’s SpaceX for huge satellite launch contract, Amazon shareholder says
Elon Musk, founder of SpaceX, left, and Amazon and Blue Origin founder Jeff Bezos. Getty Images An Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos’ personal rivalry with Elon Musk, who has taunted his fellow billionaire’s space ambitions for years. Cleveland Bakers and Teamsters Pension Fund, […]
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SpaceX launches Crew-7 mission, the firm’s 11th carrying astronauts
SpaceX’s Falcon 9 rocket with the company’s Crew Dragon spacecraft on prime is viewed following sunset at Launch Advanced 39A ahead of the start of the Crew-7 mission. Joel Kowsky / NASA SpaceX introduced four folks to the International Area Station from Florida as Elon Musk’s company starts its 11th human spaceflight mission to date. Recognized as […]
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Viasat reviews 2nd satellite malfunction in a make any difference of months
An artist’s rendering of an I6 satellite in orbit. Inmarsat A 2nd Viasat communications satellite is malfunctioning in orbit, this time from the fleet of recently obtained U.K.-primarily based Inmarsat, the organization claimed on Thursday. The I6 F2 satellite, which Inmarsat released in February, suffered a failure with its energy system though climbing in orbit to […]
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India’s moon landing made history at a low cost
The shadow of the Chandrayaan-3 spacecraft is seen on the moon’s surface. ISRO The list is grim reading: Stuck, failed, missed, failed, failed, stuck, failed, crashed, missed, crashed, crashed. Those were the fate of the Soviet Union’s first 11 attempts before successfully landing a spacecraft on the moon, according to a database compiled by Jonathan […]
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Pentagon space arm awards $1.5 billion contract to Lockheed Martin and Northrop Grumman for communications satellites
An artist illustration shows the functions of SDA’s satellite constellation. Space Development Agency The Pentagon’s Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman for prototype communications satellites. SDA said the 72 satellites will be for the “Beta” variant of its Tranche 2 Transport Layer constellation, a network […]
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